Oil prices are firming on Tuesday morning after Monday's fall below the USD 60/bbl support level triggered buying but the market hasn't been able to generate significant upward momentum with "bulls hanging on by their fingernails”, players said.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 61.30/bbl on the ICE platform, USD 0.61 above the previous close. In New York, the August WTI contract traded up USD 0.70 at USD 60.39/bbl.
On Monday, Brent ended the day USD 0.17 higher at USD 60.69/bbl following trades in a USD 59.49-61.59/bbl range, while the WTI contact closed down USD
Dienstag, 14.07.2009, 09:16 Uhr
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